CMNIX vs. MBXIX
Compare and contrast key facts about Calamos Market Neutral Income Fund Institutional Class (CMNIX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX).
CMNIX is managed by Calamos. It was launched on May 10, 2000. MBXIX is managed by Catalyst Mutual Funds. It was launched on Dec 31, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMNIX or MBXIX.
Key characteristics
| CMNIX | MBXIX | |
|---|---|---|
| YTD Return | 6.71% | 14.73% |
| 1Y Return | 4.49% | 9.82% |
| 3Y Return (Ann) | 2.62% | 5.18% |
| 5Y Return (Ann) | 3.68% | 7.08% |
| Sharpe Ratio | 1.18 | 0.82 |
| Sortino Ratio | 1.28 | 1.18 |
| Omega Ratio | 1.46 | 1.15 |
| Calmar Ratio | 1.36 | 0.91 |
| Martin Ratio | 3.13 | 2.61 |
| Ulcer Index | 1.50% | 3.43% |
| Daily Std Dev | 3.99% | 10.85% |
| Max Drawdown | -22.81% | -31.73% |
| Current Drawdown | -0.13% | -1.11% |
Correlation
The correlation between CMNIX and MBXIX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CMNIX vs. MBXIX - Performance Comparison
In the year-to-date period, CMNIX achieves a 6.71% return, which is significantly lower than MBXIX's 14.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CMNIX vs. MBXIX - Expense Ratio Comparison
CMNIX has a 0.90% expense ratio, which is lower than MBXIX's 2.04% expense ratio.
Risk-Adjusted Performance
CMNIX vs. MBXIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Market Neutral Income Fund Institutional Class (CMNIX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CMNIX vs. MBXIX - Dividend Comparison
CMNIX's dividend yield for the trailing twelve months is around 2.13%, more than MBXIX's 1.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMNIX Calamos Market Neutral Income Fund Institutional Class | 2.13% | 2.31% | 1.02% | 0.46% | 0.90% | 1.56% | 1.78% | 1.40% | 1.41% | 1.35% | 1.22% | 1.55% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 1.60% | 1.84% | 4.16% | 0.00% | 4.27% | 5.18% | 1.77% | 0.00% | 1.32% | 0.00% | 0.00% | 0.00% |
Drawdowns
CMNIX vs. MBXIX - Drawdown Comparison
The maximum CMNIX drawdown since its inception was -22.81%, smaller than the maximum MBXIX drawdown of -31.73%. Use the drawdown chart below to compare losses from any high point for CMNIX and MBXIX. For additional features, visit the drawdowns tool.
Volatility
CMNIX vs. MBXIX - Volatility Comparison
The current volatility for Calamos Market Neutral Income Fund Institutional Class (CMNIX) is 0.46%, while Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) has a volatility of 2.49%. This indicates that CMNIX experiences smaller price fluctuations and is considered to be less risky than MBXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.